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Adam Le

Adam Le
Adam Le is the News Editor for PEI Media's private equity publications, overseeing the flow of global news and analysis for Secondaries Investor as well as sister title PrivateEquityInternational.com. Based in London, Adam works closely with private equity-focused colleagues across PEI's offices in New York, London and Hong Kong. Prior to PEI, his roles included reporting on finance and technology for Bloomberg Japan.

Abraaj ‘boosted valuations’ to entice secondaries buyers – prosecutors

Senior executives at the former emerging markets private equity firm overvalued positions and delayed markdowns to attract LP stakes purchases, a US indictment alleges.

HQ Capital secondaries co-heads depart – exclusive

The departures follow that of the CEO and COO in March from the investment arm of the German family office.
money

UBS fund financing unit takes secondaries market share

The bank's secondaries advisory group has teamed up with its fund financing unit and has deployed as much as $3bn over the last two years.

Nomura Securities Young Gun departs bank – exclusive

Richard Golaszewski, an almost decade-long veteran of the Japanese banking giant, has left to pursue a new opportunity.

Brazil’s Spectra to double FoF firepower as LP stakes rise

Spectra Investments is seeking around $200m for its fourth fund and will allocate about 40% to secondaries.

Whitehorse hires CPPIB duo including Young Gun – exclusive

The appointments bring the number of staff at the preferred equity specialist to 34.

Neuberger closes Bain credit fund restructurings

A few dozen positions held in the 2005- and 2007-vintage Sankaty Credit Opportunities Funds II and III were moved into a separate vehicle in a deal that closed in early June.
barbed wire fence

Caspersen’s out of prison; has anything changed?

The release of former restructurings expert Andrew Caspersen should remind the private equity industry more scrutiny is a good thing.
liquidity

Private equity needs to become a liquid asset class and here’s why

LPs not proactively managing their mature fund commitments are incurring potentially huge opportunity costs.

Selling at a discount is better than holding tail-ends – report

An analysis of private equity funds by Upwelling Capital shows holding funds for longer than 10 years brings more downside risk than upside potential.
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